United Bank in Zebulon, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


United Bank - Overview

  • General
  • FDIC Certificate #: 172
    Status: Active
    Federal Reserve ID: 37435
    Bank Holding Company (Regulatory Top Holder): United Bank Corporation (RSSDID: 1082777, Location: Barnesville, GA)
    Date Established: January 31, 1905
    WWW: http://www.accessunited.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 21 (Domestic: 21, Interstate: No)
    OTS Docket #: 10091
    FDIC's unique #: 137
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 22, 2010
    Last Structure Change Process Date: October 25, 2010
    Last Data Update: October 25, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Griffin Street, Zebulon, GA 30295
    County: Pike
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,047.3 mil
    Equity capital: $103.2 mil
    Deposits held in domestic offices: $939.3 mil
    Return on assets (ROA): 0.95% ($9.9 mil)
    Quarterly return on assets: 0.45% ($4.7 mil)
    Return on Equity (ROE): 9.70% ($10.0 mil)
    Quarterly return on equity: 4.41% ($4.5 mil)
    Net income: $10.0 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.95% ($9,949.0 mil)
    Quarterly Pretax return on assets: 0.45% ($4,712.7 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 360Total employees (full-time equivalent)
  • $1,047,260Total assets
  • $121,652Cash and due from depository institutions
  • $107,189Interest-bearing balances
  • $298,744Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $511,952Net loans & leases
  • $17,154Loan loss allowance
  • $0Trading account assets
  • $19,299Bank premises and fixed assets
  • $14,701Other real estate owned
  • $4,764Goodwill and other intangibles
  • $1,047,260Life insurance assets
  • $76,148All other assets
  • $944,037Total liabilities and capital
  • $939,278Total liabilities
  • $868,925Total deposits
  • $939,278Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,759Subordinated debt
  • $103,223All other liabilities
  • $103,223Total equity capital
  • $103,223Total bank equity capital
  • $0Perpetual preferred stock
  • $1,028Common stock
  • $40,000Surplus
  • $62,195Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,016Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $34,586Income earned, not collected on loans
  • $0Earning assets
  • $3,936Long-term assets (5+ years)
  • $917,885Average Assets, year-to-date
  • $192,797Average Assets, quarterly
  • $1,058,290Volatile liabilities
  • $1,049,057Insider loans
  • $525,635FHLB advances
  • $1,046,174Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $93,365Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $55,033Restructured Loans and leases
  • $7,493Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $46,332Total interest income
  • $8,693Total interest expense
  • $37,639Net interest income
  • $6,903Provision for loan and lease losses
  • $12,510Total noninterest income
  • $1,016Fiduciary activities
  • $7,930Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,564Additional noninterest income
  • $33,808Total noninterest expense
  • $19,211Salaries and employee benefits
  • $5,021Premises and equipment expense
  • $9,576Additional noninterest expense
  • $9,438Pre-tax net operating income
  • $603Securities gains (losses)
  • $0Applicable income taxes
  • $10,041Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,041Net income attributable to bank
  • $0Net charge-offs
  • $10,041Cash dividends
  • $9,916Sale, conversion, retirement of capital stock, net
  • $8,050Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 4.06%Net interest margin
  • 1.35%Noninterest income to earning assets
  • 3.65%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 9.70%Return on equity (ROE)
  • 1.92%Retained earnings to average equity (YTD only)
  • 1.76%Net charge-offs to loans
  • 69.61%Credit loss provision to net charge-offs
  • 1.65%Efficiency ratio
  • 67,415Assets per employee
  • 2.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.17%Loss allowance to loans
  • 3.24%Loss allowance to noncurrent loans
  • 49.60%Noncurrent assets plus other real estate owned to assets
  • 4.71%Noncurrent loans to loans
  • 6.54%Net loans and leases to deposits
  • 54.50%Net loans and leases to core deposits
  • 57.91%Equity capital to assets
  • 9.86%Core capital (leverage) ratio
  • 8.92%Tier 1 risk-based capital ratio
  • 17.76%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $1,058,290Average earning assets
  • $103,540Average equity
  • $926,076Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $274,834Managed Assets
  • 1Number of Accounts
  • $160,741Personal trust and agency accounts
  • $36,128Employee benefit-defined contribution accounts
  • $322Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $28,260Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $4,967Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $91,064Non-managed Assets
  • 2852Number of Accounts
  • $0Personal trust and agency accounts
  • $28,260Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $114,093Other retirement accounts
  • $2,240Corporate trust and agency accounts
  • $30,793Other fiduciary accounts
  • $20,917Fiduciary accounts held in foreign offices

List of branches

  • 21 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0137United Bank400 Griffin Street, Zebulon, GA 30295January 31, 1905Full Service Brick and Mortar
    1181297Williamson BranchState Highway 362, Williamson, GA 30292December 22, 1980Full Service Brick and Mortar
    241947505 South Hill Street Branch505 South Hill Street, Griffin, GA 30223January 01, 1927Full Service Brick and Mortar
    3272915Northside Branch1500 West Mcintosh Road, Griffin, GA 30223Febuary 08, 1993Full Service Brick and Mortar
    514295308 Thomaston Street Branch308 Thomaston Street, Barnesville, GA 30204June 01, 1972Full Service Brick and Mortar
    6251574Milner BranchU.S. Highway 41 And Zebulon Street, Milner, GA 30257March 17, 1977Full Service Brick and Mortar
    7251576Ingles Branch625 South Highway 341, Barnesville, GA 30204Febuary 06, 1995Full Service Retail
    8181298Ingles Branch1735 Zebulon Road, Griffin, GA 30224July 29, 1996Full Service Retail
    9128Thomaston Main Branch215 North Center Street, Thomaston, GA 30286January 16, 1926Full Service Brick and Mortar
    10357128Thomaston, Northside Office1119 Highway 19 North, Thomaston, GA 30286October 04, 1999Full Service Brick and Mortar
    11363048Wal-Mart - Thomaston Branch855 North Church Street, Thomaston, GA 30286January 23, 2002Full Service Retail
    12429529Madison Branch256 North Maiin Street, Madison, GA 30650Febuary 09, 2004Full Service Brick and Mortar
    13458837Covington Branch1182 Washington Street, Covington, GA 30014Febuary 09, 2007Full Service Brick and Mortar
    14465949Industrial Boulevard Branch10300 Industrial Bouelvard, Covington, GA 30015July 18, 2007Full Service Brick and Mortar
    1557060Jackson Branch150 Covington Street, Jackson, GA 30233September 08, 1997Full Service Brick and Mortar
    16418519Locust Grove Ingles Branch4908 Bill Gardner Parkway, Locust Grove, GA 30248Febuary 15, 2003Full Service Retail
    17442353Covington Branch7200 Hwy 278, Covington, GA 30014May 16, 2005Full Service Brick and Mortar
    19420282First Coweta Bank Branch61 Bullsboro Drive, Newnan, GA 30263July 12, 2004Full Service Brick and Mortar
    20448819Whitesburg Branch561 Main Street, Whitesburg, GA 30185Febuary 22, 2006Full Service Brick and Mortar
    22469442Hogansville Branch2000 Billy Tucker Circle, Hogansville, GA 30230October 29, 2007Full Service Brick and Mortar
    23509790West Taylor Street Branch1340 West Taylor Street, Griffin, GA 30223June 01, 2010Full Service Brick and Mortar

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